ERHC Energy Inc (ERHE)

[midtieroil]

I'm trying to figure out some scenario where the numbers in the 10Q might make some sense. ERHC had a gain in the quarter of 291K from some class action suit. I'm assuming that is Stanford. What if the Chrome debenture was used to payoff some of the other debentures that were soon to be eligible for conversion and then the 291K was used to payoff the Chrome debenture.

That might explain why there was no increase in outstanding and no filing by Chrome for increased shares either.

That's hard to prove from the info we've been given but it might be possible. The question would then be why wouldn't they fully disclose doing such a transaction which actually made some sense for a change.

I'm still trying to prove or disprove this possibility but it isn't easy with what we've been given.